New Delhi: Equity indices rose on Wednesday with benchmark BSE Sensex Rising over 600 points led by an increase in auto, metals and bank stocks.
After a volatile session, the 30-share BSE index jumped 612 points, or 1.09 per cent, to end at 56,930; While the broader NSE nifty It closed 185 points or 1.10 per cent higher at 16,955.
Bajaj Finance among top gainers in Sensex pack Bharti Airtel, L&T, Sun Pharma and Reliance His shares rose up to 2.94 per cent.
Whereas, ITC, to shelter and Wipro were among the major losers falling up to 0.58 per cent.
Nifty Realty, Pharma, PSU Bank and Auto sub-index rose up to 2.95 per cent on the NSE platform.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 1,209.82 crore on Tuesday, according to stock exchange data.
Meanwhile, India on Tuesday asked state governments to be proactive and on the lookout for growth omicron The coronavirus variant after cases nearly doubled within a week.
“The market is mostly pricing in actions such as US Federal Reserve Rate action by addition of omicrons. Anand James, chief market strategist at Geojit Financial Services, told Reuters, “While the Covid scare still remains, we are much better prepared and are no longer in a blind spot.”
Major indices in the US posted strong gains overnight despite rising number of omicron Covid-19 cases across the globe as risk appetite continues to rise towards the end of the year.
(with inputs from agencies)
After a volatile session, the 30-share BSE index jumped 612 points, or 1.09 per cent, to end at 56,930; While the broader NSE nifty It closed 185 points or 1.10 per cent higher at 16,955.
Bajaj Finance among top gainers in Sensex pack Bharti Airtel, L&T, Sun Pharma and Reliance His shares rose up to 2.94 per cent.
Whereas, ITC, to shelter and Wipro were among the major losers falling up to 0.58 per cent.
Nifty Realty, Pharma, PSU Bank and Auto sub-index rose up to 2.95 per cent on the NSE platform.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 1,209.82 crore on Tuesday, according to stock exchange data.
Meanwhile, India on Tuesday asked state governments to be proactive and on the lookout for growth omicron The coronavirus variant after cases nearly doubled within a week.
“The market is mostly pricing in actions such as US Federal Reserve Rate action by addition of omicrons. Anand James, chief market strategist at Geojit Financial Services, told Reuters, “While the Covid scare still remains, we are much better prepared and are no longer in a blind spot.”
Major indices in the US posted strong gains overnight despite rising number of omicron Covid-19 cases across the globe as risk appetite continues to rise towards the end of the year.
(with inputs from agencies)
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